EQIBank, the world’s first licensed and regulated bank for national currencies, crypto and digital assets, has announced that it expects to secure €50bn in custody assets by July 2019 and hold €10bn under deposit by the end of 2019. Founded by former HSBC, Credit Suisse, Bank of New York and UBS bankers, EQIBank lets customers manage traditional and crypto assets within a single banking relationship for the first time. It is the first licensed and regulated bank ready to provide secure, consistent and scalable banking to the under-serviced cryptocurrency sector, which currently has a market capitalization of US$210bn. This is why EQIBank is currently working with four of the top ten largest cryptocurrency exchanges in the world to open accounts in December.
EQIBank is the first bank in the world to offer Custody Accounts to clients as a solution to store their digital assets in a regulated, secure, and compliant manner. All digital assets are segregated, using unique digital asset addresses, which are independently verifiable and auditable on their respective blockchains.
EQIBank’s current account is available to individuals, trustees and personal representatives from your personal computer or via your mobile device put you in charge of your money when you need it. You can pay people or organizations via SWIFT, SEPA euro Credit Transfers or Ripplenet to over 180 countries with over 100 major currency options. The accompanying EQIBank Credit and Debit Cards are accepted at retail outlets worldwide, enabling you to transact quickly and conveniently, online and via ATMs. EQIBank Card Services also provides exclusive benefits and a 24-hour concierge service.
Dating Back to October of last year, WallStreet Online Published this article:
Founded by former HSBC, Credit Suisse, Bank of New York and UBS bankers, EQIBank lets customers manage traditional and crypto assets within a single banking relationship for the first time.
Founder and CEO of Blockchain Global had this to say:
The inability to bank cryptocurrency is probably the major challenge facing cryptocurrency exchanges globally with bank accounts constantly being denied or shut down for compliance reasons. EQIBank solves this problem by allowing exchanges and their clients to transact in cryptocurrency and national currency within the one regulatory and technology system in accordance with global banking compliance standards. It is a breakthrough for the blockchain industry as it provides banking certainty for businesses that involve blockchain and cryptocurrencies